Research Analysts Set Expectations for Emera FY2024 Earnings

Emera Incorporated (TSE:EMA) – Raymond James lifted their FY2024 EPS estimates for Emera in a research note issued to investors on Sunday, November 10th. Raymond James analyst D. Quezada now forecasts that the company will post earnings per share of $2.94 for the year, up from their prior forecast of $2.89. Raymond James currently has a “Outperform” rating and a $57.00 price objective on the stock. The consensus estimate for Emera’s current full-year earnings is $3.20 per share. Raymond James also issued estimates for Emera’s Q4 2024 earnings at $0.84 EPS, Q4 2025 earnings at $0.84 EPS and FY2025 earnings at $3.20 EPS.

Several other research analysts have also commented on the company. Royal Bank of Canada raised their price target on Emera from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Bank of America set a C$55.00 target price on Emera and gave the company a “neutral” rating in a research report on Friday, September 20th. National Bankshares increased their price target on shares of Emera from C$49.00 to C$54.00 and gave the stock a “sector perform” rating in a research report on Friday, August 23rd. JPMorgan Chase & Co. raised their price objective on shares of Emera from C$45.00 to C$46.00 in a research note on Thursday, July 25th. Finally, CIBC reduced their target price on shares of Emera from C$51.00 to C$50.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$52.10.

Emera Stock Up 0.1 %

Emera stock opened at C$50.44 on Tuesday. The company has a market capitalization of C$14.55 billion, a PE ratio of 19.63, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35. The company has a debt-to-equity ratio of 155.62, a quick ratio of 0.23 and a current ratio of 0.79. Emera has a fifty-two week low of C$44.13 and a fifty-two week high of C$54.19. The firm has a 50 day moving average price of C$51.98 and a 200 day moving average price of C$49.24.

Emera Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 15th will be given a $0.725 dividend. This represents a $2.90 dividend on an annualized basis and a dividend yield of 5.75%. The ex-dividend date of this dividend is Friday, November 1st. Emera’s dividend payout ratio is presently 112.84%.

About Emera

Emera Incorporated, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company operates through Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure, and Other segments.